1-bedroom flat · EX15 1AG
Listing removedListed 124 days · slow let
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
The property & location: This is an unfurnished top floor apartment situated in Higher Mill Lane, Cullompton accommodation: The property comprises of (Approximate dimensions for guidance only): Accommodation: The property comprises of: Sitting room: Good size room kitchen: Fitted base and wall units bathroom: WC, wash hand basin, Bath bedroom 1: Double room study: Access from main bedroom children / pets: Children: Not suitable pets: Not suitable please note: The landlord has requested non-smokers appliances: Appliances, where provided will not necessarily be replaced or repaired by the landlord.
This is at the sole discretion of the individual Landlord and any appliances noted in the details will not necessarily remain at the property.
It is the prospective tenant/s responsibility to satisfy themselves by checking with the landlord / agent which appliances will remain in the property prior to paying the holding deposit.
Services: The Tenant is responsible for all services at the property including electricity, gas, water rates, oil, TV licence, telephone and Council Tax.
Rental: The property is to be let on an assured shorthold tenancy at a rental of £775.00 per calendar month (rent is inclusive of water), payable in advance.
In-going costs: A Holding Deposit the equivalent of one weeks rent is required to be paid prior to Homefinders taking up references, to reserve a property.
A Deposit the equivalent of 5 weeks rent is required to be paid at the commencement of a tenancy, which is withheld until after the final inspection of the property at the end of the tenancy, subject to any agreed deductions.
All deposits for property let through Homefinders Devon & Somerset Ltd are registered with TDS (Custodial).
Please note that the need for a Guarantor may not become apparent until we start referencing an applicant or joint applicants or until all references for an applicant or joint applicants has been received.
Viewings: Strictly by appointment only These particulars only give a general outline of the property.
It is the prospective tenant/s responsibility to satisfy themselves of the correctness of each of the particulars prior to paying the holding deposit.
Client Money Protection Homefinders (Devon & Somerset) Ltd protect their clients monies through Money Shield.
Value & comps
No previous sales on record.
Rental comparables are shown in the Rental section below. Sold comparables remain for area capital context only.
Returns
We're still gathering serviced-accommodation data for this area.
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Past performance does not guarantee future results. Tax implications vary by individual circumstances.
Deal
Properties like this can earn 2–3x BTL yields when converted to HMO, with retrofit costs around £10k/room. Sign in to see the full tier, yield projection, and cost breakdown.
Commercial properties like this can earn 30-50% higher yields when converted to residential under Class MA / Q / P / PA, with prior approval costing ~GBP 96/unit. Sign in to see the recommended route, yield uplift, and cost breakdown.
BRRR-suited properties can recycle 80-100% of investor capital on refi, leaving a high-yielding rental with most of the money out. Sign in to see the refurb cost stack, ARV projection, and refinance maths.
Detached + large garden = sub-division play. Pro tier unlocks the tier badge, plot size, uplift estimate, and regional land benchmark.
Short-lease flats trade at deep discount, but extending under the 1993 Act often costs far less than the discount. Pro tier unlocks the tier badge, premium breakdown, long-lease ARV and arbitrage maths.
See projected short-stay revenue vs a vanilla BTL for this property.
See real sub-let margins (HMO room rates & SA nightly rates) vs the landlord rent.
Area
Agent & docs
FAQ
About 2A, Higher Mill Lane, Cullompton
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